Dow futures dip below key levelBearish development on the DOW futures chart. A key level is the pre Covid crash high which was a bounce upwards in the last few sessions but today the price has dipped below this level again.
DJIA1! trade ideas
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Ym1! How to trade #daytrading DOW JONES FUTURES How can we use simple indicators to trade??
I Use 1 minute Chart of Mini dow futures contract
the add #supertrend indicator + visibe range volume profile and you can use any #occilator
#trendanalisys #chartpatterns #tradingview #trading #stocks #sp500 #stocktrading #dojones
#forex,#tradingroom,#daytrade,#daytrading,#dowjones,#nasdaq,s&p500,#trade,#nyse,#crypto
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YM1! DAY TRADIN STRATEGYHow can we use simple indicators to trade??
I Use 1 minute Chart of Mini dow futures contract
the add #supertrade indicator
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A big down trend can accurehello
i guess that YM can have a huge bearish move in these 3 months, why and when we should keep this hypothisis?
- we are now into a black hole zone, if YM cannot break it up, we can hold our vision of free fall
- If the midline is broken fiercly we will have a nice confrmation
- the critical confirmation will take place if YM breaks down the green upchannel through its support
my targets are fonded on fibonacchi tools
good luck
NB: remeber dear traders that i do not have a cristall ball predicting future but we try to be more efficient and more rational in trading so your feedbacks are really important to encourage us and push as to do our best, if you like my analysis.
Dow emini stops@20% bear mkt with mma50 & GANN line supportDow e-mini officially entered bear market territory breaking below 20% decline limit & the weekly wma200 line. It is the only major index that made a lower low & confirmed by the transports DJT. Dow, with a lot of defensive stocks, has been holding the strongest all this time & I think it will be the last to capitulate before the market bottoms. (After market takes out the weak hands & stop losses)
However, it is still uptrend in the monthly chart with mma50 & my GANN line as support. It took only 7 weeks for it to drop 14% from the August top…exactly from 1 GANN line to the next one below. (Looks like a capitulation)
The moves this week will determine if current support will hold as Dow consolidates before the 4Q2022 rally up to December. (This may technically still be a double bottom…only a little below the 0.386 Fib retracement zone from pandemic low to ATH)
The monthly mma50 must hold to be bullish. Otherwise the next support will be the next GANN line below around the 27k to 28k zone…near the 0.50 Fib retracement zone.
Not trading advice
Trade with me in real time mini Dow Jones futures contract
Trade with me in real time mini Dow Jones futures contract
$YM1!
All days 7 am Est time and 3 pm Est time
Dow is broking Year lowDow is broking Year low, potential triangle break down is comisn for this morning,
US30USD YM1! DOW 2022 SEP 25 Week
US30USD YM1! DOW 2022 SEP 25 Week
Dow gave out presents last week with a good short opportunity.
Broadening downward wedge = demand returning.
Watch 29639 = CRITICAL SUPPORT.
Possible scenarios:
1) Long if 29639 / lower trend line support holds
2) Short if price breaks down 29639 on high volume and returns
to test on lower volume.
3) Short on rejection of upper trend line // 30636
4) Bullish break out of wedge: Long on test and accept of breakout
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32789 31793 31385
31042 30636 30202
29639 29315
Weekly: Higher vol & narrower spread down bar, close off low
= minor demand
(ave vol on bar itself) = demand coming in
Daily: Ave vol down bar close off low = No Supply
H4: Vol showed buying on the downtrend. Coupled with possible
SPRING setup
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Have a profitable week ahead.
DOW fut in easy wayAs we are noticing talks about inflation, rise in dollar etsc.
if we see Dow jones charts observations be like:
from past many maonths is making a Lower highs lower lows BUT now the pattern's changing.
Positives
1. 200 MA support : On the weekly charts, it has got support around 29400 levels of 200 MA.
2. RSI divergence : the biggest reflection we are seeing, we can see little bit of RSI now moving otherways as price is tranding towards.
3. if it jump from these lows, we may see LH - LL pattern being distorted ( its very early to say this, but major positive observation)
4. if these levels are breached 26100 is biggest support which definitely will not be affected.
5. looks much oversold
negative
1. Lower lows
2. volume above average.
3. MACD crossover in negative direction.
but as per my observation, if it sustain 29100 - 29200 levels, dow is ready to move in an upside direction. from now onwards can start investing, market shall reward handsomely.
disclaimer: views are personal, please take your advisers advise before taking position.
YM1! - Weekly Market Update, 9/26Dow futures finding support at indicated TEAL channel structure below and essentially settled this week double bottoming off of the June 2022 low place earlier this year. The overall market has likely oversold itself these past several weeks, some relief could be anticipated however it appears the bears might be here to stay for a while...
Dow Jones 30600 Make Or BreakIn this update we review the recent price action in the DowJones emini futures contract and identify the next high probability trading opportunity and price objectives to target
My First analysis using SMC at MYMAfter do my analysis i Believe that price will go up price give us CHOCH that point confirme that price will go up and look for previous liqudity we have strong reason why because we have an OB above that OB caused an imbalance that's why we look for long position.
NOTICE:
THIS IS NOT RECOMMENDATION OR SIGNAL I JUST WANT TO SHARE WHAT I HAVE LEARNED
US30USD YM1! DOW 2022 SEP 19 Week
US30USD YM1! DOW 2022 SEP 19 Week
After trapping longs, market declined aggressively. Temporary
demand on average volume has returned, which could be a way of
absorbing any long positions still present in the market.
Possible scenarios:
1) Long if 30406 / 30636 is supported
2) Short on rejection of 31385 / 31042 / trend channel rejection
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32789 31793 31385
31042 30636 30406
Weekly: Higher vol & wider spread than previous bar, close off low
(ave vol on bar itself) = demand coming in
Daily: Ave vol down bar close toward high = Demand overcoming supply
H3: Ultra high vol bar + ave vol up bars = Demand has returned
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! - Weekly Market Update, 9/19All major market indices for this past week have exhibited weakness.
However, none of the futures markets offered a 1%+ settlement confirmation.
Could this be an aggressive retest of the ascending support structure? Possibly.
Could this be setting the stage for a double bottom or even the next leg down? Possibly.
While the bias remains short, the index settlement lack the confirmation I need.
E-MINI DOW JONES ($5) FUTURESA strong requirement has been achieved and a very strong support has been broken. Our goal will be pro support, which is considered strong
Elliott Wave View: Near Term Rally in Dow Futures (YM) Should FaShort term Elliott Wave view on Dow Futures suggests the decline from 8.17.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17.2022 high, wave A ended at 31221. Wave B corrective rally ended at 32791 with internal subdivision as an expanded Flat structure. Up from wave A, wave ((a)) ended at 32029. Wave ((b)) extended below wave A in 3 swing and ended at 30975. Index then rallied in wave ((c)) as a 5 waves impulse.
Up from wave ((b)), wave (i) ended at 31681 and pullback in wave (ii) ended at 31303. Index extended the rally higher in wave (iii) towards 32612, dips in wave (iv) ended at 32488 as triangle, and final leg higher wave (v) ended at 32791 which completed wave ((c)) of B. YM has started to turn lower in wave C. Internal subdivision of wave C should unfold in 5 waves. Expect wave ((i)) of C to end soon with a marginal low, then Index should rally to correct cycle from 9.13.2022 high in 3, 7, or 11 swing in wave ((ii)) before turning lower again. As far as pivot at 32791 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
Dow - Further downside expectedThe gloomy outlook for the Dow is likely to head lower with the formation of a triple three corrective wave (WXYZ). Furthermore, we could observe the fractal pattern of Feb and July. And the fall should see a close below 30,000 if it plays out :/
YM buy strong now the YM search 31320 cause we have a strong sell yesterday so we wait the breakout now and good luck guy's
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 33432
Pivot: 31862
Support : 30966
Preferred Case: On the H4, with price moving along the ascending trendline and breaking above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 31862 where the pullback support is to the 1st resistance at 33432 where the overlap resistance, 78.6% fibonacci retracement and 61.8% fibonacci retracement sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 30966 where the swing low support and 78.6% fibonacci retracement are.
Fundamentals: Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 33432
Pivot: 31862
Support : 30966
Preferred Case: On the H4, with price moving along the ascending trendline and breaking above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 31862 where the pullback support is to the 1st resistance at 33432 where the overlap resistance, 78.6% fibonacci retracement and 61.8% fibonacci retracement are.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 30966 where the swing low support and 78.6% fibonacci retracement are.
Fundamentals: Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index.
US30USD YM1! DOW 2022 SEP 12 Week
US30USD YM1! DOW 2022 SEP 12 Week
Last week's Scenario1 long on support of dotted trend line was good.
Caution: long trap observed, do not chase long.
Possible scenarios:
1) Long if 31450 / 31864-32029 is supported
2) Short on rejection of solid trend line / 32546
3) if triangle formation observed there may be short opportunity
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32546 32029 31864
31450 30975 30406
Weekly: Low vol up bar close off high = minor weakness
Daily: Low vol up bar close off high = weakness
H4: Low vol narrow up bars + narrow close, followed by
ave vol up bar + UT bar = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! - Weekly Market Update, 9/12Dow futures retained by its 50 day MA based on last weeks price action.
Price was also support by the GRAY channel structure below which contained selling.
As price oscillates between it's recent high (at its 200 day MA) and its recently placed low - I'm anticipating some lack of follow-through broadly.
